Optimal timing of regime switching in optimal growth models: A Sobolev space approach

Erol Dogan, Cuong Le van and Çağrı Sağlam

Mathematical Social Sciences, 2011, vol. 61, issue 2, 97-103

Abstract: This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth models. We derive the appropriate necessary conditions for such problems by means of standard techniques from the calculus of variations and some basic properties of Sobolev spaces.

Keywords: Multi-stage; optimal; control; Sobolev; spaces; Optimal; growth; models (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:61:y:2011:i:2:p:97-103

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